Trans Energy Inc. has begun drilling the Lucey #1H well, its seventh horizontal Marcellus Shale well in Marshall County, WV, the company said. The drilling of the Keaton #1H well, which was begun by the independent exploration and production company in November (see Shale Daily, Nov. 23, 2010), has been completed. St. Marys, WV-based Trans Energy said it completed the 11-stage hydraulic fracture (frack) of Stout #2H in Marshall County last week and this week will begin the process of drilling out the frack plugs; fracking is scheduled in March for Keaton #1H and in February for Groves #1H, the company said. Trans Energy is moving to a development phase from an exploration phase as it develops its acreage position in northern West Virginia.
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Midstream’s Fortunes Wane on Market Trends
A handful of economic, market and meteorological factors have reshaped the outlook for natural gas liquids (NGL), building stocks of ethane in the face of an evaporating market and potentially adding to downward pressure on natural gas prices in the first quarter should the coming winter be one of modest temperatures.
Analysts: Gas Liquids Outlook ‘Turned on its Head’
A handful of economic, market and meteorological factors have reshaped the outlook for natural gas liquids (NGL), building stocks of ethane in the face of an evaporating market and potentially adding to downward pressure on natural gas prices in the first quarter should the coming winter be one of modest temperatures.